Valo-Capitale — commercialization of innovation
Québec, QC, Canada
Financial support for commercializing innovative products or processes
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateApril 13, 2023
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Arts, entertainment and recreation
grant_single|grantors
- Quebec City
grant_single|status
grant_card_status|open
grant_single_labels|preview
The grant aims to support businesses in the commercialization of innovative products or processes, with a maximum financial contribution of up to $500,000. Eligible activities include professional fees, necessary project implementation expenses, and related salaries for human resources.
grant_single_labels|terms_and_conditions
The Valo-Capitale grant provides flexible financial contributions to support the commercialization of innovative products or processes. It ensures applicants have adequate resources for global market entry and offers structured financial support to enhance business growth and profitability.
- A maximum financial contribution of $500,000 per project.
- Funding covers up to 50% of eligible project expenses.
- The maximum active funding per two (2) year period for all City of Quebec economic development programs is capped at $500,000, with non-repayable aid considered at 100% and repayable aid at 50% of its value.
- Proposed funding may take the form of grants and/or loans.
- Funding amounts are determined based on fund availability and demonstrated financial need.
grant_single_labels|projects
The Valo-Capitale grant focuses on the commercialization of innovation, supporting businesses in bringing research-derived products to market and expanding their reach beyond Quebec. The eligible projects are centered on leveraging university research for commercial gain and entering new markets.
- Commercialization of a product developed from research at educational institutions, like Université Laval.
- Establishing a distribution network for a patented product in international markets, such as Australia.
grant_single|admissibleProjectsExample
$ 400,000
Launching a new eco-friendly packaging solution nationwide
$ 400,000
Establishing a Canadian distribution for a new drone technology
$ 450,000
Commercializing a telehealth platform for remote regions
$ 350,000
Developing a mobile app for mental health support
$ 240,000
Expanding a local food co-op's distribution network
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the applicant's profile and operational jurisdiction.
- The applicant must be a private incorporated company or a social economy enterprise (non-profit organizations and cooperatives) mainly conducting commercial activities.
- Sole proprietorships and partnerships predominantly owned by Indigenous peoples located in the Wendake territory are also eligible.
- The company's head office must be located in the agglomeration of Québec (which includes the cities of Québec, Saint-Augustin-de-Desmaures, and L’Ancienne-Lorette) or Wendake.
grant_eligibility_criteria|who_can_apply
This grant is designed for private businesses and social economy enterprises engaged in innovative commercialization projects, particularly in strategic and priority sectors. To qualify, organizations must meet several specific eligibility and evaluation criteria tailored to their field of activity and the scope of their planned project.
- Private incorporated businesses.
- Social economy enterprises (non-profit organizations and cooperatives) that predominantly engage in commercial activities.
- Individually owned businesses and partnerships primarily owned by Indigenous persons located in Wendake.
grant_eligibility_criteria|who_cannot_apply
This grant excludes certain companies and projects from eligibility based on their governance, legal status, and previous financial conduct. Specific restrictions ensure that only qualified applicants can access the funding.
- Social economy enterprises (OBNL and cooperatives) that cannot demonstrate sound democratic governance.
- Applicants who have not been discharged from bankruptcy.
- Companies registered in the Public Contracts Ineligibility Register.
- Applicants who defaulted on obligations related to previous financial assistance from the City of Québec in the past two years.
- Applicants with outstanding debts with the City of Québec.
- Projects that are discriminatory or could pose a negative image risk for the City of Québec.
- Event-based, one-off projects.
grant_eligibility_criteria|eligible_expenses
The grant covers specific expenses necessary for the commercialization project execution.
- Professional fees, consulting services, and studies.
- Operating expenses and working capital required for project implementation (e.g., digital platform marketing and web promotion expenses).
- Salaries for human resources allocated to the project, at an hourly rate equivalent to that paid by the beneficiary according to its salary policy, upon presentation of a resolution of its board of directors indicating the amount allocated to the project and any relevant supporting documentation.
- Purchases or rentals of goods, equipment, and assets related to the project.
grant_eligibility_criteria|zone
This grant is targeted at companies situated in specific geographical areas within the Province of Quebec. Eligible regions are primarily within the Quebec agglomeration and surrounding areas to support local economic development.
- Agglomeration of Quebec, including the cities of Quebec, Saint-Augustin-de-Desmaures, and L'Ancienne-Lorette.
- Wendake.
grant_single_labels|criteria
The evaluation and selection of projects for the Valo-Capitale grant are based on specific criteria to ensure they meet the program's objectives and contribute positively to the agglomeration of Québec.
- Quality and robustness of the responsible business model.
- Financial capacity of the applicant to complete the project and achieve its objectives.
- Viability and coherence of the submitted project (relevance of the project, realism of the financial plan, and involved partners).
- Organizational management capacity.
- Distinctive and innovative nature of the project.
- Economic, social, and environmental impacts in the agglomeration of Québec.
- Demonstration of the need for financial assistance.
- Innovative nature of the product or process.
- Market potential of the product or process.
- Supportive structure.
grant_single_labels|register
- Step 1: Review Eligibility and Criteria
- Ensure your enterprise or project aligns with eligibility criteria such as corporate status, sector, and project scope.
- Confirm that your project does not fall under any exclusion category.
- Step 2: Gather Required Documents
- Collect necessary documents as outlined in the funding application form, such as proof of intellectual property rights, financial statements, and a detailed commercialization plan.
- Prepare a project plan detailing the commercialization strategy and expected outcomes.
- Step 3: Complete Application Form
- Download and fill out the application form specific to the Valo-Capitale program.
- Include comprehensive information about your business model, project plan, and need for financial assistance.
- Step 4: Submit the Application
- Follow the submission instructions provided in the application form to ensure your complete application is submitted correctly.
- Make sure to submit all documents before the deadline.
- Step 5: Confirmation of Receipt
- Await confirmation of receipt from the granting body, which may include a tracking or reference number.
- Retain all confirmation documentation for future reference.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The funding is contingent upon the availability of funds and a needs-based evaluation.
- The proposed financial assistance could be in the form of both grants and loans.
grant_single_labels|contact
degp@ville.quebec.qc.ca
